Irving Blog

Irving City Council approves tax breaks for 7-Eleven

The Irving City Council approved more than $10.6 million in tax breaks Thursday to move 7-Eleven’s headquarters from Dallas.

The 8-1 vote kicked off a plan that will exempt 7-Eleven from most sales and property taxes over the next seven years. The company’s landlord, Billingsley Co., would get tax breaks over the next 13 years.

In return, Billingsley would build a new, 300,000 square foot headquarters for 7-Eleven in north Irving, at Interstate Highway 635 and and Ranch Trail. 7-Eleven would have to employ at least 800 people with an average salary of $100,000 or more for at least 15 years.

Irving officials estimate the deal will net the city at least $10 million in taxes after the breaks, some of which the city agreed to a decade ago in a separate agreement with Billingsley.

Most council members praised the deal, which pulls 7-Eleven out of Dallas for the first time since the company was founded. Council member Joe Putnam opposed it and called it an “excessive tax giveaway.”

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